Bright Mountain Media, Inc. — fact timeline

Bright Mountain Media, Inc. amended Credit Agreement with Centre Lane Partners Master Credit Fund II, L.P. (effective 2026-06-30).

“In addition to the consent of Centre Lane Partners and the Lenders to the Domain Name Sale, the CLP Consent included certain amendments to the Credit Agreement, including the following: • Within ten days of the closing of the Domain Name Sale, the Company agreed to prepay approximately $613,000 of the First Out Loans (as defined in the Credit Agreement) outstanding under the Credit Agreement from the proceeds of the Domain Name Sale, which prepayment shall be applied to the amortization payment due on the First Out Loans under the Credit Agreement on June 30, 2026 (the “June 2026 First Out Amortization Payment”) in full fulfillment of the June 2026 First Out Amortization Payment. • All other amounts due under the Credit Agreement on June 30, 2026, including the amortization payment due on the Second Out Loans (as defined in the Credit Agreement), will be paid-in-kind instead of paid in cash, which amounts represented approximately $1.0 million in the aggregate.”

Bright Mountain Media, Inc. entered into Domain Name and Social Media Handles Purchase and Sale Agreement with Static Media, Inc. valued at $1.1 million (effective 2026-06-10).

“On June 10, 2026, Bright Mountain Media, Inc., a Florida corporation (the “Company”), through its wholly owned subsidiary, CL Media Holdings LLC, a Delaware limited liability company (“CL Media”), entered into that certain Domain Name and Social Media Handles Purchase and Sale Agreement with Static Media, Inc. (“Static”), pursuant to which the Company sold, assigned, transferred, conveyed, and delivered to Static all right, title, and interest in and to the domain name “www.mom.com” (the “Domain Name”) and certain social media accounts related to the Domain Name for a purchase price of $1.1 million (the “Domain Name Sale”).”

Bright Mountain Media, Inc. reported first quarter ended March 31, 2026 results: revenue approximately $14.0 million, net income $1.3 million.

“Revenue was approximately $14.0 million, a slight decrease of $227,000, or 2%, compared to $14.2 million for the same period of 2025.”

Matt Drinkwater was appointed as interim principal financial officer and interim principal accounting officer at Bright Mountain Media, Inc..

“Following Mr. Rudin’s departure, Matt Drinkwater, the Company’s Chief Executive Officer, will act as the Company’s interim principal financial officer and interim principal accounting officer until the Company’s filing of its next Form 10-Q.”

A. Olgun was appointed as Chief Financial Officer at Bright Mountain Media, Inc..

“Appointment of Chief Financial Officer”

Ethan Rudin departed as Chief Financial Officer at Bright Mountain Media, Inc..

“Effective April 30, 2026, Ethan Rudin, the Chief Financial Officer of Bright Mountain Media, Inc. (the “Company”), departed from the Company and his role as Chief Financial Officer.”

Bright Mountain Media, Inc. amended credit facility with Centre Lane Partners Master Credit Fund II, L.P..

“The principal changes to the Credit Agreement made in the Twenty-Fifth Amendment include, but are not limited to, the following: (i) Adjusting the amortization of the Second Out Loans such that the quarterly installment due on March 31, 2026 with respect to the Second Out Loans, which totaled approximately $1.2 million, was deferred in its entirety until December 20, 2026;”

Bright Mountain Media, Inc. amended credit facility of approximately $1.2 million was deferred with Centre Lane Partners Master Credit Fund II, L.P. maturing December 20, 2026.

“(i) Adjusting the amortization of the Second Out Loans such that the quarterly installment due on March 31, 2026 with respect to the Second Out Loans, which totaled approximately $1.2 million, was deferred in its entirety until December 20, 2026;”

Bright Mountain Media, Inc. reported the year ended December 31, 2025 results: revenue $59.2 million, net income net loss was $13.5 million.

“Revenue was $59.2 million, an increase of $2.5 million, or 4%, compared to $56.7 million for the same period of 2024.”

Bright Mountain Media, Inc. reported the fourth quarter ended December 31, 2025 results: revenue $15.7 million, net income net loss was $3.3 million.

“Revenue was $15.7 million, a decrease of $1.4 million, or 8%, compared to $17.1 million for the same period of 2024.”

Bright Mountain Media, Inc. amended credit facility with Centre Lane Partners Master Credit Fund II, L.P., as Administrative Agent.

“The principal changes to the Credit Agreement made in the Twenty-Fourth Amendment include, but are not limited to, the following: (i) Adjusting the amortization of the Second Out Loans such that the quarterly installment due on December 31, 2025 with respect to the Second Out Loans was deferred in its entirety until March 31, 2026; and (ii) Adjusting the timing of the payment of interest accrued on the Second Out Loans for the interest period ended December 31, 2025 such that the interest payment for the Second Out Loans due on December 31, 2025 was deferred in its entirety until March 31, 2026.”

Bright Mountain Media, Inc. amended credit facility with Centre Lane Partners Master Credit Fund II, L.P., as Administrative Agent and Collateral Agent.

“Effective as of September 30, 2025, the Company and its subsidiaries, CL Media Holdings LLC, Bright Mountain LLC, MediaHouse, Inc., Deep Focus Agency LLC, and BV Insights LLC, Centre Lane Partners, and the Lenders entered into the Twenty-Third Amendment to Amended and Restated Senior Secured Credit Agreement”

Bright Mountain Media, Inc. amended credit facility with Centre Lane Partners Master Credit Fund II, L.P. maturing December 20, 2026.

“Effective March 31, 2025, the Company and its subsidiaries, CL Media Holdings, LLC, Bright Mountain LLC, MediaHouse, Inc., Deep Focus Agency LLC, and BV Insights LLC, Centre Lane Partners, and the Lenders entered into the Twenty-Second Amendment to Amended and Restated Senior Secured Credit Agreement (the "Twenty-Second Amendment") to amend certain terms of the Credit Agreement.”

Harry Schulman resigned as Director at Bright Mountain Media, Inc..

“On June 21, 2024, Harry Schulman, a director of the Company, notified the Company that he was resigning from the Board, effective June 30, 2024”

W. Kip Speyer retired as Chairman at Bright Mountain Media, Inc..

“On June 21, 2024, W. Kip Speyer informed Bright Mountain Media, Inc. (the “Company”) that he will retire from his position as Chairman and as a member of the Board of Directors (the “Board”) of the Company effective June 30, 2024”

Bright Mountain Media, Inc. reported first quarter ended March 31, 2024 results: revenue $12.4 million, net income Net loss was $4.8 million.

“press release. --- EX-99.1 (EX-99.1) --- Bright Mountain Media, Inc Announces First Quarter 2024 Financial Results ■ First quarter revenue increased by $10.9 million to $12.4 million compared to $1.5 million for the first quarter of 2023. ■ First quarter gross margin increased by $2.6 million to $3.1 million compared to $528,000 for the first quarter of 2023.”

Bright Mountain Media, Inc. reported the year ended December 31, 2023 results: revenue $44.5 million, net income $35.6 million.

“Revenue was $44.5 million, an increase of $25.0 million, or 128%, compared to $19.6 million for the same period of 2022”

Bright Mountain Media, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $15.1 million, net income $5.9 million.

“Revenue was $15.1 million, an increase of $10.0 million, or 193%, compared to $5.2 million for the same period of 2022”

Pamela J. Parizek resigned as Director at Bright Mountain Media, Inc..

“On January 18, 2024, Pamela J. Parizek, a director of Bright Mountain Media, Inc. (the “Company”), notified the Company that she was resigning from the board of directors, effective immediately.”

Ethan Rudin was appointed as Chief Financial Officer at Bright Mountain Media, Inc..

“On October 18, 2023, the Company announced the appointment of Ethan Rudin to serve as the Chief Financial Officer of the Company, effective immediately.”

Miriam Martinez changed role as principal financial officer at Bright Mountain Media, Inc..

“Miriam Martinez will be transitioning from the Chief Financial Officer of the Company to the principal financial officer of the Company, effective immediately (the “Effective Date”).”

Jeff Hirsch was appointed as Director at Bright Mountain Media, Inc..

“On August 15, 2023, the Board of Directors (the “Board”) of Bright Mountain Media, Inc. (the “Company”) appointed Jeff Hirsch as a director of the Company, effective as of August 15, 2023.”

Bright Mountain Media, Inc. reported financial results for the three and six months ended June 30, 2023.

“On August 14, 2023, Bright Mountain Media, Inc, Inc. (the "Company") issued a press release announcing its financial results for its second quarter and six months ended June 30, 2023.”

Bright Mountain Media, Inc. amended Nineteenth Amendment to the Amended and Restated Senior Secured Credit Agreement with Centre Lane Partners Master Credit Fund II, L.P. valued at additional term loan amount of $2,000,000 (effective 2023-07-28).

“On July 28, 2023, the Company and its subsidiaries, CL Media Holdings LLC, Bright Mountain LLC, MediaHouse, Inc., Big-Village Agency LLC, and BV Insights LLC, and Centre Lane Partners entered into the Nineteenth Amendment to the Credit Agreement (the “Nineteenth Amendment”).”

Bright Mountain Media, Inc. completed an acquisition involving Big Village Insights, Inc., Big Village Agency LLC, Big Village Group Inc., Deep Focus, Inc., EMX Digital Inc., Balihoo, Inc., and Big Village Media LLC for approximately $20 million, plus assumed liabilities, in an all-cash transaction (closed 2023-04-20).

“On April 20, 2023, the Company completed the Acquisition for approximately $20 million, plus assumed liabilities, in an all-cash transaction.”

Gretchen Tibbits resigned as director at Bright Mountain Media, Inc..

“On June 1, 2023, Gretchen Tibbits tendered her resignation as a director of Bright Mountain Media, Inc. (the “Company”), effective immediately.”

Bright Mountain Media, Inc. reported first quarter and Three Months Ended March 31, 2023 results: revenue $1.5 million, net income $3.8 million net loss.

“use this acquisition as a springboard to accelerating growth and maximizing value to shareholders.” 1 Financial Results for the Three Months Ended March 31, 2023 • Revenue was $1.5 million, a decrease of $2.0 million or 57% compared to $3.5 million for the same period of 2022. • Gross margin was $528,000, a reduction of 70%, compared to $1.7 million in the same”

Bright Mountain Media, Inc. completed an acquisition involving Big Village Insights, Inc., Big Village Agency LLC, Big Village Group Inc., Deep Focus, Inc., EMX Digital Inc., Balihoo, Inc., and Big Village Media LLC for approximately $20 million (closed 2023-04-20).

“On April 20, 2023, the Company completed the Acquisition for approximately $20 million, plus assumed liabilities, in an all-cash transaction.”

Bright Mountain Media, Inc. completed an acquisition involving Big Village Insights, Inc., Big Village Agency LLC, Big Village Group Inc., Deep Focus, Inc., EMX Digital Inc., Balihoo, Inc., and Big Village Media LLC for approximately $20 million, plus assumed liabilities (closed 2023-04-20).

“On April 20, 2023, the Company completed the Acquisition for approximately $20 million, plus assumed liabilities, in an all-cash transaction.”

Bright Mountain Media, Inc. entered into Commitment Letter with Centre Lane Solutions Partners, LP valued at up to $26,316,000 (effective 2023-04-04).

“On April 4, 2023, the Company entered into a commitment letter (the “Commitment Letter”) with Centre Lane Solutions Partners, LP (together with any designated affiliates thereof, the “CLP Lenders”). The Commitment Letter provides that, subject to the conditions set forth therein, the CLP Lenders commit to provide financing in the form of a senior secured credit facility with a super priority first lien term loan in an aggregate principal amount of up to $26,316,000”

Bright Mountain Media, Inc. entered into APA with Big Village Insights, Inc., Big Village Agency LLC, Big Village Group Inc., Deep Focus, Inc., EMX Digital Inc., Balihoo, Inc., and Big Village Media LLC valued at $19,874,000 plus the Assumed Liabilities (effective 2023-04-10).

“to the Company in accordance with the APA, as modified at the Auction (the “Sale Order”). The APA was executed on April 10, 2023 and upon the Sale Order became a binding agreement among the parties.”

Bright Mountain Media, Inc. reported the year ended December 31, 2022 results: revenue $19.6 million, net income $8.1 million net loss.

“Revenue for the year ended December 31, 2022 was $19.6 million, an increase of $6.7 million or 51% compared to $12.9 million for the same period of 2021.”

Bright Mountain Media, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $5.2 million, net income $2.3 million net loss.

“Revenue for the three months ended December 31, 2022 was $5.2 million, an increase of $873,000 or 20% compared to $4.3 million for the same period of 2021.”

Bright Mountain Media, Inc. reported that prior financial statements should not be relied upon.

“On March 6, 2023, the Board of Directors of Bright Mountain Media, Inc. (the “Company”), upon the recommendation of the Audit Committee of the Board of Directors (the “Audit Committee”), determined that the Company’s previously issued unaudited consolidated financial statements as of and for each of the interim quarterly periods ended June 30, 2022 and September 30, 2022 (collectively, the “Prior Period Financial Statements”), should no longer be relied upon due to material errors”

Bright Mountain Media, Inc. incurred term loan of $1,500,000 with Centre Lane Partners Master Credit Fund II, L.P. maturing 2023-06-30.

“The Credit Agreement was amended to provide for an additional term loan amount of $1,500,000.”

Bright Mountain Media, Inc. amended Sixteenth Amendment to Amended and Restated Senior Secured Credit Agreement with Centre Lane Partners Master Credit Fund II, L.P. valued at Additional term loan of $1,500,000; total term loan principal $32,608,194 as of February 10, 2023 (effective 2023-02-10).

“On February 10, 2023, Bright Mountain Media, Inc. (the “Company”) and its subsidiaries CL Media Holdings LLC, Bright Mountain Media, Inc., Bright Mountain LLC, MediaHouse, Inc. entered into the Sixteenth Amendment to Amended and Restated Senior Secured Credit Agreement (the “Agreement”). The Company and its subsidiaries are parties to a credit agreement between itself, the lenders party thereto and Centre Lane Partners Master Credit Fund II, L.P. as Administrative Agent and Collateral Agent dated June 5, 2020, as amended (the “Credit Agreement”). The Credit Agreement was amended to provide for an additional term loan amount of $1,500,000. This term loan matures on June 30, 2023. As of February 10, 2023, the accumulated term loan principal is $32,608,194, inclusive of fees and interest paid in kind capitalized.”

Todd Speyer resigned as Director at Bright Mountain Media, Inc..

“Todd Speyer provided the Company’s Board of Directors a letter of resignation as a director of the Company, effective March 31, 2023.”

W. Kip Speyer changed role as Chairman of the Board of Directors at Bright Mountain Media, Inc..

“On February 8, 2023, Bright Mountain Media, Inc. (the “Company”) and W. Kip Speyer memorialized Mr. Speyer’s continued service as Chairman of the Board of Directors.”

Bright Mountain Media, Inc. reported nine months ended September 30, 2022 results: revenue $14.4 million, net income $5.2 million.

“■ Revenue for the nine months ended September 30, 2022, was $14.4 million, an increase of $5.8 million or 67% when compared to $8.6 million for the same period in 2021. ■ Gross margin was $6.7 million, an increase of 64%, as compared to $4.1 million in the same period of 2021. ■ General and administrative expense was $10.6 million, a reduction of 22% compared to $13.6 million in the same period of 2021. ■ Net loss was $5.2 million, compared to $9.1 million loss in the same period of 2021.”

Bright Mountain Media, Inc. reported three months ended September 30, 2022 results: revenue $5.2 million, net income $1.9 million.

“■ Revenue for the three months ended September 30, 2022, was $5.2 million, an increase of $1.4 million or 38% when compared to $3.8 million for the same period in 2021. ■ Gross margin was $2.1 million, an increase of 2%, as compared to $2.1 million in the same period of 2021. ■ General and administrative expense was $3.3 million, a reduction of 28% compared to $4.6 million in the same period of 2021. ■ Net loss was $1.9 million, compared to $2.9 million loss in the same period of 2021.”

Bright Mountain Media, Inc. reported the nine months ended September 30, 2022 results: revenue $14.4 million, net income Net loss was $5.2 million.

“Financial Results for the Nine Months Ended September 30, 2022 ■ Revenue for the nine months ended September 30, 2022, was $14.4 million, an increase of $5.8 million or 67% when compared to $8.6 million for the same period in 2021. ■ Gross margin was $6.7 million, an increase of 64%, as compared to $4.1 million in the same period of 2021. ■ General and administrative expense was $10.6 million, a reduction of 22% compared to $13.6 million in the same period of 2021. ■ Net loss was $5.2 million, compared to $9.1 million loss in the same period of 2021.”

Bright Mountain Media, Inc. reported the three months ended September 30, 2022 results: revenue $5.2 million, net income Net loss was $1.9 million.

“Financial Results for the Three Months Ended September 30, 2022 ■ Revenue for the three months ended September 30, 2022, was $5.2 million, an increase of $1.4 million or 38% when compared to $3.8 million for the same period in 2021. ■ Gross margin was $2.1 million, an increase of 2%, as compared to $2.1 million in the same period of 2021. ■ General and administrative expense was $3.3 million, a reduction of 28% compared to $4.6 million in the same period of 2021. ■ Net loss was $1.9 million, compared to $2.9 million loss in the same period of 2021.”

Miriam Martinez was appointed as Chief Financial Officer at Bright Mountain Media, Inc..

“and appointed Miriam Martinez as the Company’s new Chief Financial Officer.”

Edward Cabanas resigned as Chief Financial Officer at Bright Mountain Media, Inc..

“Bright Mountain Media, Inc. (the “Company”) announced that it accepted the resignation of its Chief Financial Officer, Edward Cabanas on July 26, 2022, effective August 15. 2022”

W. Kip Speyer changed role as Chairman of the Board at Bright Mountain Media, Inc..

“Mr. W. Kip Speyer will remain with the Company in his role of Chairman of the Board and transition his CEO role to Mr. Drinkwater.”

Matthew Drinkwater was appointed as Chief Executive Officer at Bright Mountain Media, Inc..

“Effective December 1, 2021, the Company appointed Mr. Matthew Drinkwater as its new Chief Executive Officer (CEO).”